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Cost approach
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Cost approachA set of procedures in which an appraiser derives a value indication by estimating the current cost to reproduce or replace the existing structure, deducting for all accrued depreciation in the property, and adding the estimated land value.
RELATED TERMS--------------------------------------
Appraiser
Practice. A person appointed by competent authority to appraise or value goods; as in case of the death of a person, an appraisement and inventory must be made of the goods of which he died possessed, or was entitled to. Appraisers are sometimes appointed to assess the damage done to property, by some public work, or to estimate its value when taken for public use.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Current
Merchant law. A term used to express present time
Depreciation
In appraising, a loss in property value from any cause. in regard to improvements, deterioration and obsolescence. in accounting, an allowance made against the loss in value of an asset for a defined purpose and computed using a specified method.
Property
Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property.
SIMILAR TERMS--------------------------------------
Cost of goods sold changes
Unusual changes in cost of goods sold as a percentage of sales may be an indicator of the theft of revenue or theft of finished goods inventory.
Costs
This is a term often used in judgments as in "the defendant will pay costs." When a person is condemned to "costs" it means that he has to pay all the court costs such as the fees for bringing the action, witness fees and other fees paid out by the other side in bringing the action to justice. A court can also condemn a losing party to "special costs" but this is considered punitive as it would include the other side's lawyer bill. The rule in most places is that "costs follows the event" which means that the loser pays. In most states, the court has the final say on costs and may decide not to make an order on costs.
PREVIOUS AND NEXT TERMS--------------------------------------
Corruption of blood
English Criminal law. The incapacity to inherit, or pass an inheritance, in consequence of an attainder to which the party has been subject
Corsned
Ancient English law. This was a piece of accursed bread, which a person accused of a crime swallowed to test his innocence.
Cortes
The name of the legislative assemblies of Spain and Portugal.
Cosenage
Torts. Deceit, fraud: that kind of circumvention and wrong, which has no other specific name.
Cosmopolite
A citizen of the world; one who has no fixed. residence.
Cost approach
Cost of goods sold changes
Unusual changes in cost of goods sold as a percentage of sales may be an indicator of the theft of revenue or theft of finished goods inventory.
Costs
This is a term often used in judgments as in "the defendant will pay costs." When a person is condemned to "costs" it means that he has to pay all the court costs such as the fees for bringing the action, witness fees and other fees paid out by the other side in bringing the action to justice. A court can also condemn a losing party to "special costs" but this is considered punitive as it would include the other side's lawyer bill. The rule in most places is that "costs follows the event" which means that the loser pays. In most states, the court has the final say on costs and may decide not to make an order on costs.
Cottage
Estates. A small dwelling house.
Couchant
Lying down. Animals are said to have been levant and couchant, when they have been upon another person's land, damage feasant, one night at least.
Council
Legislation. This word signifies an assembly.
RELATED TERMS--------------------------------------
Appraiser
Practice. A person appointed by competent authority to appraise or value goods; as in case of the death of a person, an appraisement and inventory must be made of the goods of which he died possessed, or was entitled to. Appraisers are sometimes appointed to assess the damage done to property, by some public work, or to estimate its value when taken for public use.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Current
Merchant law. A term used to express present time
Depreciation
In appraising, a loss in property value from any cause. in regard to improvements, deterioration and obsolescence. in accounting, an allowance made against the loss in value of an asset for a defined purpose and computed using a specified method.
Property
Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property.
SIMILAR TERMS--------------------------------------
Cost of goods sold changes
Unusual changes in cost of goods sold as a percentage of sales may be an indicator of the theft of revenue or theft of finished goods inventory.
Costs
This is a term often used in judgments as in "the defendant will pay costs." When a person is condemned to "costs" it means that he has to pay all the court costs such as the fees for bringing the action, witness fees and other fees paid out by the other side in bringing the action to justice. A court can also condemn a losing party to "special costs" but this is considered punitive as it would include the other side's lawyer bill. The rule in most places is that "costs follows the event" which means that the loser pays. In most states, the court has the final say on costs and may decide not to make an order on costs.
PREVIOUS AND NEXT TERMS--------------------------------------
Corruption of blood
English Criminal law. The incapacity to inherit, or pass an inheritance, in consequence of an attainder to which the party has been subject
Corsned
Ancient English law. This was a piece of accursed bread, which a person accused of a crime swallowed to test his innocence.
Cortes
The name of the legislative assemblies of Spain and Portugal.
Cosenage
Torts. Deceit, fraud: that kind of circumvention and wrong, which has no other specific name.
Cosmopolite
A citizen of the world; one who has no fixed. residence.
Cost approach
Cost of goods sold changes
Unusual changes in cost of goods sold as a percentage of sales may be an indicator of the theft of revenue or theft of finished goods inventory.
Costs
This is a term often used in judgments as in "the defendant will pay costs." When a person is condemned to "costs" it means that he has to pay all the court costs such as the fees for bringing the action, witness fees and other fees paid out by the other side in bringing the action to justice. A court can also condemn a losing party to "special costs" but this is considered punitive as it would include the other side's lawyer bill. The rule in most places is that "costs follows the event" which means that the loser pays. In most states, the court has the final say on costs and may decide not to make an order on costs.
Cottage
Estates. A small dwelling house.
Couchant
Lying down. Animals are said to have been levant and couchant, when they have been upon another person's land, damage feasant, one night at least.
Council
Legislation. This word signifies an assembly.
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This dictionary contains 8526 terms.
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